Czech National Bank Increases Stake in Comcast Corporation $CMCSA

Czech National Bank lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 5.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 910,470 shares of the cable giant’s stock after purchasing an additional 44,196 shares during the quarter. Czech National Bank’s holdings in Comcast were worth $32,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Inlight Wealth Management LLC purchased a new position in shares of Comcast in the first quarter valued at $26,000. Ransom Advisory Ltd purchased a new position in shares of Comcast in the first quarter valued at $29,000. Abound Financial LLC purchased a new position in shares of Comcast in the first quarter valued at $29,000. Retirement Wealth Solutions LLC grew its holdings in shares of Comcast by 126.9% in the first quarter. Retirement Wealth Solutions LLC now owns 801 shares of the cable giant’s stock valued at $30,000 after purchasing an additional 448 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Comcast in the fourth quarter valued at $33,000. 84.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CMCSA. Citigroup reissued a “buy” rating on shares of Comcast in a report on Tuesday, August 26th. Rosenblatt Securities lifted their price objective on shares of Comcast from $37.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Benchmark reaffirmed a “buy” rating on shares of Comcast in a research note on Friday, July 18th. Rothschild & Co Redburn dropped their price objective on shares of Comcast from $44.00 to $35.00 in a research note on Friday, June 20th. Finally, Sanford C. Bernstein dropped their price objective on shares of Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Comcast has an average rating of “Hold” and an average target price of $40.56.

Comcast Stock Performance

CMCSA stock opened at $32.62 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.91 and a quick ratio of 0.91. The business has a 50-day moving average price of $33.73 and a 200 day moving average price of $34.56. The company has a market capitalization of $120.44 billion, a P/E ratio of 5.39, a PEG ratio of 1.98 and a beta of 0.93. Comcast Corporation has a 1-year low of $31.03 and a 1-year high of $45.31.

Comcast (NASDAQ:CMCSA) last released its quarterly earnings data on Thursday, July 31st. The cable giant reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The firm had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. As a group, equities research analysts forecast that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a $0.33 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. Comcast’s payout ratio is currently 21.82%.

About Comcast

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.